XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

The following table provides information regarding fiscal years ended December 31, 2024, 2023 and 2022 in satisfaction of Item 402(v) of Regulation S-K.

 

Year   Summary
Compensation
Table Total
for PEO ($) (1)  		   Compensation
Actually Paid
to PEO ($) (2); (3)  		   Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers ($) (4) 		   Average
Compensation
Actually Paid to
Non-PEO
Named
Executive
Officers ($) (2); (5) 		   Value of
Initial Fixed
$100
Investment
Based on
Total
Shareholder
Return ($)		   Net Income
(Loss) ($)		  
2024    6,700,750    33,186,894    4,389,410    11,293,466    745.66    28,660,007
2023    958,698    6,633,775    515,000    2,109,996    153.58    (908,512 )
2022    3,628,930    2,080,789    1,205,981    801,723    56.04    (11,934,107 )

 

(1) The amounts in this column reflect the amounts reported in the “Total” column of the Summary Compensation Table for Mr. Abuhoff, the Company’s President and Chief Executive Officer.
(2) “Compensation Actually Paid” as set forth in this column is calculated in accordance with the Rules set forth under Item 402(v) of Regulation S-K and does not reflect the actual amounts earned or that may be earned by the applicable NEO.

(3) The amounts deducted or added in calculating the equity award adjustments required under Item 402(v) are set forth in the following table. For the periods covered, no individual awards were granted and vested in the same year, no dividends or other earnings were paid on outstanding and unvested awards, and no equity awards were forfeited in the current year. For the periods covered there were no defined benefit or actuarial pension plan amounts reported in the Summary Compensation Table and as such the table below does not reflect any adjustments for such items. The valuation assumptions used to calculate fair values are consistent with those used in our disclosures of fair value as of the grant date.

 

   Year 
  2024   2023      2022  
Summary Compensation Table Total for PEO ($)   6,700,750    958,698    3,628,930 
Exclusion of Current Year Stock Awards and Option Awards at Grant Date Fair Value ($)   (5,173,400)   —    (2,820,112)
Add Year-End Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested at Year End ($)   4,722,400    —    1,573,700 
Changes in Fair Value of Awards Granted in Prior Years from Prior Year End to Current Year End of Outstanding and Unvested Awards ($)   26,737,775    4,363,758    (445,030)
Changes in Fair Value from End of Prior Year to Vesting Date of Unvested Equity Awards that Vested in Current Year ($)   199,369    1,311,319    143,301 
Total Equity Award Adjustments ($) (subtotal)   26,486,144    5,675,077    (1,548,140)
Compensation Actually Paid to PEO ($)   33,186,894    6,633,775    2,080,789 

 

(4) The amounts in this column reflect the amounts reported in the “Total” column of the Summary Compensation Table for the Company’s NEOs, excluding Mr. Abuhoff. The NEOs included for purposes of computing the amounts in this column include Ms. Espineli and Mr. Mishra.

(5) The amounts deducted or added in calculating the equity award adjustments required under Item 402(v) are set forth in the following table. For the periods covered, no individual awards were granted and vested in the same year, no dividends or other earnings were paid on outstanding and unvested awards, and no equity awards were forfeited in the current year. For the periods covered there were no defined benefit or actuarial pension plan amounts reported in the Summary Compensation Table and as such the table below does not reflect any adjustments for such items. The valuation assumptions used to calculate fair values are consistent with those used in our disclosures of fair value as of the grant date.

 

   Year 
  2024   2023      2023  
Average Summary Compensation Table Total for Non-PEO NEOs ($)   4,389,410    515,000    1,205,981 
Exclusion of Current Year Stock Awards and Option Awards at Grant Date Fair Value ($)   (3,362,710)   —    (765,326)
Add Year-End Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested at Year End ($)   3,069,560    —    443,193 
Changes in Fair Value of Awards Granted in Prior Years from Prior Year End to Current Year End of Outstanding and Unvested Awards ($)   6,969,110    1,216,321    (103,239)
Changes in Fair Value from End of Prior Year to Vesting Date of Unvested Equity Awards that Vested in Current Year ($)   228,096    378,675    21,114 
Total Equity Award Adjustments ($) (subtotal)   6,904,056    1,594,996    (404,258)
Average Compensation Actually Paid to Non-PEO NEOs ($)   11,293,466    2,109,996    801,723 
    
Named Executive Officers, Footnote
(1) The amounts in this column reflect the amounts reported in the “Total” column of the Summary Compensation Table for Mr. Abuhoff, the Company’s President and Chief Executive Officer.
(4) The amounts in this column reflect the amounts reported in the “Total” column of the Summary Compensation Table for the Company’s NEOs, excluding Mr. Abuhoff. The NEOs included for purposes of computing the amounts in this column include Ms. Espineli and Mr. Mishra.
    
PEO Total Compensation Amount $ 6,700,750 $ 958,698 $ 3,628,930
PEO Actually Paid Compensation Amount $ 33,186,894 6,633,775 2,080,789
Adjustment To PEO Compensation, Footnote
(3) The amounts deducted or added in calculating the equity award adjustments required under Item 402(v) are set forth in the following table. For the periods covered, no individual awards were granted and vested in the same year, no dividends or other earnings were paid on outstanding and unvested awards, and no equity awards were forfeited in the current year. For the periods covered there were no defined benefit or actuarial pension plan amounts reported in the Summary Compensation Table and as such the table below does not reflect any adjustments for such items. The valuation assumptions used to calculate fair values are consistent with those used in our disclosures of fair value as of the grant date.
   Year 
  2024   2023      2022  
Summary Compensation Table Total for PEO ($)   6,700,750    958,698    3,628,930 
Exclusion of Current Year Stock Awards and Option Awards at Grant Date Fair Value ($)   (5,173,400)   —    (2,820,112)
Add Year-End Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested at Year End ($)   4,722,400    —    1,573,700 
Changes in Fair Value of Awards Granted in Prior Years from Prior Year End to Current Year End of Outstanding and Unvested Awards ($)   26,737,775    4,363,758    (445,030)
Changes in Fair Value from End of Prior Year to Vesting Date of Unvested Equity Awards that Vested in Current Year ($)   199,369    1,311,319    143,301 
Total Equity Award Adjustments ($) (subtotal)   26,486,144    5,675,077    (1,548,140)
Compensation Actually Paid to PEO ($)   33,186,894    6,633,775    2,080,789 
    
Non-PEO NEO Average Total Compensation Amount $ 4,389,410 515,000 1,205,981
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,293,466 2,109,996 801,723
Adjustment to Non-PEO NEO Compensation Footnote
(5) The amounts deducted or added in calculating the equity award adjustments required under Item 402(v) are set forth in the following table. For the periods covered, no individual awards were granted and vested in the same year, no dividends or other earnings were paid on outstanding and unvested awards, and no equity awards were forfeited in the current year. For the periods covered there were no defined benefit or actuarial pension plan amounts reported in the Summary Compensation Table and as such the table below does not reflect any adjustments for such items. The valuation assumptions used to calculate fair values are consistent with those used in our disclosures of fair value as of the grant date.
   Year 
  2024   2023      2023  
Average Summary Compensation Table Total for Non-PEO NEOs ($)   4,389,410    515,000    1,205,981 
Exclusion of Current Year Stock Awards and Option Awards at Grant Date Fair Value ($)   (3,362,710)   —    (765,326)
Add Year-End Fair Value of Equity Awards Granted During the Year that are Outstanding and Unvested at Year End ($)   3,069,560    —    443,193 
Changes in Fair Value of Awards Granted in Prior Years from Prior Year End to Current Year End of Outstanding and Unvested Awards ($)   6,969,110    1,216,321    (103,239)
Changes in Fair Value from End of Prior Year to Vesting Date of Unvested Equity Awards that Vested in Current Year ($)   228,096    378,675    21,114 
Total Equity Award Adjustments ($) (subtotal)   6,904,056    1,594,996    (404,258)
Average Compensation Actually Paid to Non-PEO NEOs ($)   11,293,466    2,109,996    801,723 
    
Compensation Actually Paid vs. Total Shareholder Return

 

    
Compensation Actually Paid vs. Net Income

 

    
Total Shareholder Return Amount $ 745.66 153.58 56.04
Net Income (Loss) $ 28,660,007 (908,512) (11,934,107)
PEO Name Mr. Abuhoff    
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 26,486,144 5,675,077 (1,548,140)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (5,173,400) (2,820,112)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,722,400 1,573,700
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 26,737,775 4,363,758 (445,030)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 199,369 1,311,319 143,301
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 6,904,056 1,594,996 (404,258)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,362,710) (765,326)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,069,560 443,193
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 6,969,110 1,216,321 (103,239)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 228,096 $ 378,675 $ 21,114